Resolute receives environmental permit for Ravenswood expansion

The Queensland Government has issued an environment authority
permit to Resolute Mining for its Ravenswood expansion project in
north Queensland.

The permit, which took immediate effect, allows Resolute to
expand the existing Nolans tailing storage facility (NTSF) at its
Ravenswood gold mine.

It also allows Resolute to proceed with in-pit tailings storage
for the Ravenswood expansion project, allowing safe tailings
storage for the mine’s entire 10-year life.

Resolute managing director and chief executive John Welborn
thanked the Queensland government for its support in getting the
environment authority permit finalised.

“The simplified tailings management strategy developed in the
Ravenswood expansion project has significant operating benefits and
is now supported by the required environmental approvals,”
Welborn said.

“All major approvals are now in place for a development plan
that can accommodate and expansion of annual production to 200,000
ounces of gold over a 10-year mine life, with available gold
resources of almost six million ounces.”

Resolute has secured new mining leases at Ravenswood, a
prescribed project status to its expansion project, the Buck Reef
West environmental authority amendment, heritage agreements and
environmental authority to recommence mining at Sarsfield open
pit.

The first stage of the Ravenswood expansion has already started,
with the recommissioning of the third grinding mill at Nolans
processing plant under way.

Once complete, this will enable Resolute to return to a
processing rate of five million tonnes per annum at Ravenswood.
Resolute expects the mill recommissioning will be fully operational
by the end of the current quarter.

Resolute will also develop two major pits at Buck Reef West and
Sarsfield, while investigating ways to further enhance the
project.

The company is strategically reviewing options at Ravenswood for
further growth potential, with a focus on processing expansions,
mine life extensions and improved environmental outcomes.

Australian
Mining
.

Source: FS – Mining B.
Resolute receives environmental permit for Ravenswood expansion



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